A charitable remainder is a type of trust that allows a donor to receive income from an asset or property during their lifetime while eventually donating the remainder to a chosen charity. There are several synonyms for charitable remainder, including life income trust, charitable gift annuity, and deferred charitable gift. A life income trust is similar to a charitable remainder trust but can be set up so that the donor receives a smaller percentage of income than a charitable remainder trust. A charitable gift annuity is an agreement between a donor and a charity where the donor makes a gift and receives guaranteed payments for life. Finally, a deferred charitable gift is a gift that will be given to charity at a later date, such as through a will or estate plan.